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Market lower on US recession fears

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The Australian sharemarket opened lower today after comments by thelargest US mortgage company on the economic outlook drove stocksdown in New York. (The Age — 24 August, 2007)
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The Australian share market closed slightly lower today, as strongcompany results were offset by a weak lead from Wall Street. (Sydney Morning Herald — 17 hours ago)
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Market lower on US recession fears
Market lower on US recession fears

THE Australian stockmarket closed slightly down on Friday, bringingan end to the four-day rally that rescued the market from itsrecent lows. – Brisbane Times (The Brisbane Times — 25 August, 2007)
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The Australian sharemarket opened lower today following a soft leadfrom Wall Street overnight. (The Age — 23 hours ago)
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The Australian sharemarket opened higher this morning after marketsin the United States rose on Friday. (Sydney Morning Herald — 27 August, 2007)
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The Australian sharemarket opened lower today following a soft leadfrom Wall Street overnight. (Sydney Morning Herald — 21 hours ago)
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The Australian sharemarket was lower at noon following a soft leadfrom Wall Street overnight. (Sydney Morning Herald — 20 hours ago)
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Australian shares slip on fresh concerns about the economy andcredit markets, with banks and BHP leading the way down. (The Age — 9 minutes ago)
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US stocks rose last week after new home sales and durable-goodsorders topped economists’ forecasts, spurring speculation the USeconomy can weather credit-market losses caused by the subprimehousing collapse. (The Age — 26 August, 2007)
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The ‘R’ word has reappeared, this time trotted out by the CEO oftroubled US mortgage lender Countrywide Financial. (The Age — 25 August, 2007)
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There did not appear to be a single catalyst for the drop, but several problematic readings were bruising to investor confidence. (New York Times — 1 hour ago)
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